In this newsletter we will outline what is likely to be the devastating effect of the credit bubbles, government money printing and of the disastrous actions that governments are taking. Starting in the next 6 months and culminating in 2011-12 the world will experience a series of tumultuous events which will be life changing for most people in the world. But 2011-12 will not be the beginning of an upturn in the world economy but instead the start of a long period of economic, political … [Read more...]

Never has the American Federal Reserve been so challenged by Congress, or not for the past 50 years anyway, not since the Great Depression, actually. We've been following what we believe to be the unraveling of the Fed, and Bernanke's appearance on the Hill yesterday exposed the chairman and his organization to fairly withering criticism. Bernanke was asked about his authority to make US$500 billion in loans to overseas central banks, why he didn't believe an audit of the Fed was … [Read more...]

James has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. In 1980 he joined the private investment and trading company of a prominent precious metals trader. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. James Turk has written … [Read more...]

Say this about the 1,018-page health-care bill that House Democrats unveiled this week and that President Obama heartily endorsed: It finally reveals at least some of the price of the reckless ambitions of our current government. With huge majorities and a President in a rush to outrun the declining popularity of his agenda, Democrats are bidding to impose an unrepealable European-style welfare state in a matter of weeks. Click here to read full article. … [Read more...]

U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. Click here to read full article. … [Read more...]

The most salient of today’s many Economic Negatives provides an excellent Profit Opportunity for those savvy enough to exploit it. Click here to read full article. … [Read more...]

The pundits on CNBC who appear every morning proclaim that things are returning to normal. It amazes me that such supposedly intelligent people have no idea what normal means. Since 80% of the people interviewed on CNBC manage other people’s money, I’m guessing they are just trying to stay in business by lying to the average investor. If they were honest, they would say they have no idea what the future holds. If they were outspokenly honest, they would say that a Frankenstein’s … [Read more...]

Chancellor Merkel’s criticism of The Fed is right “on the money”, as it were. She knows what we and a few others have been saying for years: The Fed’s super-loose monetary policies will lead to hyperinflation down the Road. Click here to read full article. … [Read more...]